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On 23rd sept, Fortuna Silver Mines Inc. reported that underground exploration and development on the Soledad and Silvia veins at its Caylloma Mine located in southern Peru has confirmed high-grade silver mineralization.
- Systematic channel sampling at 2m intervals along the strike of the Soledad vein returned grades averaging 2,259 g/t Ag, 3.76 g/t Au, 0.94% Pb, 1.47% Zn and 0.20% Cu over the initial 62m of the drift, with an average mineralized vein width of 0.70m.
- Locally, Bonanza style grades have been encountered during systematic channel sampling with grades ranging up to 52,224 g/t Ag and 104.76 g/t Au over a vein width of 0.55m.
Vertical continuity of the mineralization is currently being evaluated through the development of a chimney extending upward along the vein structure.
Just as a quick mental exercise (and I know it's only the vein intersection, but humour me a second, yeah?). How much is a metric tonne of rock that holds 1,775 oz of silver and 3.3 oz of gold worth right now?
1,775 X $13.14 = $23,323.50 3.3 X $890 = $2,937 Total = $26,260.50
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